Low-profile Modella has positioned itself as a key creditor, landlord and brand owner to struggling TG Jones as store closures and job cuts loom
Shoppers at WH Smith were once accustomed to being offered cheap chocolate stacked high at the counter while buying their morning newspaper. Now, the chain’s former high street stores have themselves become the subject of a cut-price deal – as the low-profile investment group that snapped them up appears set to pay less than half of the original cash price.
The paperclips to books chain had notched up 233 years on the British high street when it was bought by Modella Capital last summer.
In other words shoppers at WH Smith were once accustomed to being offered cheap chocolate stacked high at the counter while buying their morning newspaper. Curious to see how this develops.
The bigger issue here is the paperclips to books chain had notched up 233 years on the British high street when it was bought by Modella Capital last summer. That changes the calculation.
On one hand low-profile Modella has positioned itself as a key creditor, landlord and brand owner to struggling TG Jones as store closures and job cuts. But at the same time shoppers at WH Smith were once accustomed to being offered cheap chocolate stacked high at the counter while buying their morning newspaper.
On one hand shoppers at WH Smith were once accustomed to being offered cheap chocolate stacked high at the counter while buying their morning newspaper. But at the same time the paperclips to books chain had notched up 233 years on the British high street when it was bought by Modella Capital last summer.
233 years is hard to ignore, no matter which side you are on.
233 years — and that is probably just the official count.
The fact that the paperclips to books chain had notched up 233 years on the British high street when it was bought by Modella Capital last summer really puts things into perspective.
What stands out is the paperclips to books chain had notched up 233 years on the British high street when it was bought by Modella Capital last summer. That is the part worth paying attention to.
Modella Capital has been pushing this agenda for a while now.
So the bottom line is low-profile Modella has positioned itself as a key creditor, landlord and brand owner to struggling TG Jones as store closures and job cuts. Wonder how this will land.
If low-profile Modella has positioned itself as a key creditor, landlord and brand owner to struggling TG Jones as store closures and job cuts, then the bigger picture starts to look very different.
What stands out is shoppers at WH Smith were once accustomed to being offered cheap chocolate stacked high at the counter while buying their morning newspaper. That is the part worth paying attention to.
Basically the paperclips to books chain had notched up 233 years on the British high street when it was bought by Modella Capital last summer. What matters is whether anything changes because of it.
Modella Capital is in a tough spot here, curious how they navigate it.
Considering the paperclips to books chain had notched up 233 years on the British high street when it was bought by Modella Capital last summer, it raises some real questions about what happens next.